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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the year ended December 31, 2025 is as follows (in thousands, except share and per share data):
Number of Stock Options OutstandingWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
Outstanding, beginning of the period2,578 $72.17 5.11$67,966 
Granted1,769 55.66 
Exercised(514)25.83 
Forfeited— — 
Expired(76)143.45 
Outstanding, end of the period3,757 $69.29 6.95$29,151 
Exercisable, end of the period1,947 $78.37 5.27$15,377 
Restricted Stock Awards and Restricted Stock Units Activity
Activity related to RSUs during the year ended December 31, 2025 is set forth below:
Number of
Shares
Weighted
Average Grant
Date Fair Value
Unvested, beginning of the period37,079 $70.51 
Granted19,273 64.19 
Vested(16,829)72.60 
Forfeited(8,236)67.42 
Unvested, end of the period31,287 $66.31 
Fair Value Assumptions for Options
The fair values of stock options granted were estimated using the following weighted-average assumptions:
Year Ended December 31,
202520242023
Dividend yield— %— %— %
Risk-free interest rate3.98 %4.65 %3.48 %
Expected volatility57.91 %62.92 %62.32 %
Expected term (years)4.626.026.02
Summary of the Effect of Share-Based Compensation on the Consolidated Statements of Operations
The following table summarizes the effects of share-based compensation on the consolidated statements of operations (in thousands):
Year Ended December 31,
202520242023
Cost of revenue$545 $707 $601 
Product development874,680 903,262 902,130 
Sales and marketing114,390 131,233 130,665 
General and administrative225,865 237,355 242,701 
Total$1,215,480 $1,272,557 $1,276,097